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CBS
Feb 7, 2013 7:00am PST
as sequestration take effect at the beginning of march. the pentagon has to reduce spending by $46 billion in the remaining seven months of fiscal year 2013. >> if these cuts happen there will be a serious disruption in defense programs and a sharp decline in our military readiness. >> reporter: this army document says three-fourths of its combat brigades will have to delay their training for several months resulting in a failure to meet demands of the national military strategy by the end of this year. afraid it will have to take $18 billion out of its own budget the army has already stopped maintenance of 1,300 vehicles and 17,000 weapons. according to this document the air force would cut its overhauls of aircraft by one-third, with the result that some planes would have to be grounded. flying hours for air force pilots would be cut by 18%. >> it puts at risk our fundamental mission of protecting the american people. >> reporter: combat operations in afghanistan would not be affected by the cuts but the pull-out of $20 billion worth of equipment could be delaye
CBS
Feb 5, 2013 7:00am PST
're less than a month away from massive layoffs and cuts in spending at the pentagon and elsewhere. nancy cordes is on capitol hill. >> reporter: good morning. they call this the sequester and both signs long predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it they resorted to the blame game a month before the deadline. republicans may be the party of spending cuts but on monday house speaker john boehner insisted the looming sequester was the president's idea. >> the president first proposed this sequester in 2011 and insisted that it be part of the debt limit agreement. >> reporter: unless congress acts the package of cuts worth $1.2 trillion will start to kick in march 1st, taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office more than 1 million jobs are at risk. defense secretary leon panetta had this warning. >> we are going to weaken the united states and make it much more difficult t
CBS
Feb 19, 2013 7:00am PST
to take effect. it will impact virtually every major agency in washington. the pentagon could see roughly half of the reductions and that has republicans upset. >> we're going to begin to unravel the finest military in the history of the world at a time when we need it most. >> reporter: mandatory cuts in domestic spending could also hit americans hard. there could be furloughs of food safety employees, leading to a shortage of meat poultry and eggs and pushing up food prices. 50,000 tsa workers could see their hours cut back that would mean longer security lines for air travelers, and more than 350,000 people who need mental health treatment could be denied. hundreds of thousands of government workers from teachers to federal law enforcement agents are likely to be furloughed. many republicans admit the sequester isn't ideal, but they insist cuts have to be made. >> let me be very clear and i say this to the president as i say it to you, these spending cuts are going to go through on march 1st. >> reporter: the white house warns the cuts would get phased in just a
CBS
Feb 12, 2013 5:00am PST
as the sequester. so ironically, if the president is going to discuss job creation, the pentagon is planning to cut 800,000 civilian worker hours by 20% and homeland security is about to slash a quarter of its total border agents. so really opposing ideas being introduced at the same time. >> is it possible the sequester won't happen? >> reporter: the president has been talking about the negative impact of this sequester and economists agree. they say these cuts will shave a .5% from growth thisser y that's significant. we are only growing by 2 to 2.5% but this is a hard part about debt reduction. figuring out how to dig out of the hole which would come at the expense of growth. >> how does the public weigh in on how to do that? >> reporter: we want it all not surprisingly. in a recent poll people say strengthening the economy and improving the jobs situation should be the top priority for the white house and congress. right? that was the same as four years ago. but reducing the budget deficit is moved up significantly on the public agenda. if you look at
CBS
Feb 22, 2013 7:00am PST
. and the funding cuts gethit just one week from today. with the pentagon and other departments already in crisis mode, the white house oannounced thursday the president phoned mitch mcconnell and house speaker john boehner but deliberately avoided saying more. was it simply to restate his position or to reach out to them in the interests of compromise? >> the president spoke with senator mcconnell and the speaker. i have no content to read out to you of those conversations. >> reporter: the two republican leaders pointed out this was the first time the president has reached out to them on the topic of the automatic cuts in two months since the end of 2012. the sequester is set to kick in a week from today will mean $1.2 trillion in across the board cuts. thursday, mr. obama argued to friendly radio hosts that republicans are standing in his way for the wrong reasons. >> their basic view is that nothing is important enough to raise taxes on wealthy individuals or corporations and they would prefer to see these kinds of cuts and that's the thing that binds their party togethe
CBS
Feb 14, 2013 7:00am PST
the pentagon, which announced plans last week to reduce its presence in the persian gulf to close the expected budget shortfall. >> we're weeks away from the president's sequester. >> reporter: house republicans have coined the somewhat clunky term "obama-quester" to describe the looming cuts in an attempt to pin the blame on the president. >> i call on the democrats to show us their plan to stop the sequester from going into effect. >> reporter: house republicans passed their own plan last year but the president panned it. >> they made bigger cuts to things like education and job training medicare and social security benefits, that idea is even worse. >> reporter: millionaires just saw their taxes go up two months ago, when they lost their bush era tax cuts and house speaker john boehner has been telling us all week the president got his revenue then. he's not getting any more. ra and j.b. these two sides have to start dealing if they want to avert the deadline which is just two weeks away and congress isn't even in session next week. >> wow, nancy cordes t
CBS
Feb 6, 2013 7:00am PST
ballots. >>> "the washington post" reports the pentagon is extending certain benefits to same-sex spouses, it could include housing privileges access to base recreational facilities and joint duty assignments. they are not expected to include health benefits. >>> ryan braun claims he has nothing to hide linked to a miami clinic that allegedly trbted performance-enhancine-enhancing drugs. braun said he used the clinic for consult igss and there was a dispute over monday. >>> the requesting "san francisco chronicle"" says facebook fatigue is settling in. 38% are cutting back and 61% have taken a facebook vacation leaving the site for weeks or longer. >>> "usa today" says chimney sweeps in germany face new competition. many have added to their duties inspecting heating systems and checking for >>> a bit chilly around the bay area, norah, as we have mostly clear skies outside and the sun just coming up on our mount vaca cam looking good there. should be a beautiful day ahead as it looks like this will be the break before we start to see a chance of rain re
Search Results 0 to 6 of about 7